The supplier of tools, hardware and security systems also
warned that if unit volume shipments in 2009 continued to fall
by 10 percent to 12 percent, full-year earnings would be hurt
by about $2 to $2.25 a share.

Unit volumes fell by 10 percent during the fourth quarter.

Stanley Works, which cut over 2,000 jobs and closed three
plants in 2008, said it would incur restructuring charges of
about 40 cents a share in 2009. The company also suspended
certain U.S. employee benefits temporarily in 2008.

The company said it continued to experience rapidly
deteriorating business conditions in its
construction/do-it-yourself (CDIY) and industrial segments.

Stanley Works might take another set of restructuring
actions in the second half of 2009 if the situation worsens,
the company said in a conference call with analysts.